Gokul Rajaram Sells 1,150 Shares of Pinterest, Inc. (NYSE:PINS) Stock

Pinterest, Inc. (NYSE:PINS) Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gokul Rajaram also recently made the following trade(s):

• On Wednesday, January 15th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The shares were sold at an average price of $30.43, for a total value of $34,994.50.
• On Wednesday, December 18th, Gokul Rajaram sold 1,150 shares of Pinterest stock. The stock was sold at an average price of $30.98, for a total value of $35,627.00.

Pinterest Stock Down 1.5 %

Shares of NYSE:PINS traded down $0.60 during midday trading on Wednesday, reaching $38.72. The company’s stock had a trading volume of 6,437,506 shares, compared to its average volume of 12,343,603. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a market capitalization of $26.26 billion, a P/E ratio of 14.39, a PEG ratio of 1.91 and a beta of 1.06. The firm has a 50 day moving average of $32.60 and a 200-day moving average of $31.72.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wedbush upped their price target on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their price objective on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Morgan Stanley increased their target price on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Hedge Funds Weigh In On Pinterest

Several institutional investors and hedge funds have recently modified their holdings of PINS. Sequoia Financial Advisors LLC grew its position in Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after purchasing an additional 313 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Pinterest by 3.7% during the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after buying an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after acquiring an additional 342 shares in the last quarter. Ethos Financial Group LLC lifted its position in Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock valued at $342,000 after acquiring an additional 350 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after purchasing an additional 372 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.